Stocks in focus included names like Infosys, which was down more than 8%, Reliance Industries (RIL) fell more than 2% ahead of results, and ICICI Bank, which closed flat but with a positive bias ahead of results on Friday.
Investors not inclined to ‘sell India buy China’ but to ‘sell India buy USA’: Samir Arora
Samir Arora cautioned investors not to get overly excited by CLSA’s increased allocation to India. He believes that investors were shifting to the US, not